SCHEDULES
SCHEDULE 2Capital gains tax reform
Abolition of “halving relief”
74
1
Schedule 4 (deferred charges on pre-31 March 1982 gains) is amended as follows.
2
Before paragraph 1 insert—
Application of Schedule
A1
This Schedule applies only for the purposes of corporation tax.
3
In paragraph 2(5), omit—
a
“, 162, 165”, and
b
“of this Act and section 79 of the Finance Act 1980”.
4
In paragraph 4(2), omit “168 (as modified by section 67(6)),”.
5
In paragraph 9(1), omit—
a
in paragraph (b), “in the case of a disposal made by, or a gain treated as accruing to, a person chargeable to corporation tax,”,
b
paragraph (c), and
c
“or (as the case may be) on or before such later date”.